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Harley Davidson laying off 40 Wisconsin employees



FILE PHOTO: Harley-Davidson Motorcycles Exhibited at Company Headquarters in Milwaukee, Wisconsin, USA, February 7, 2018. REUTERS / Rajesh Kumar Singh

CHICAGO (Reuters) ̵

1; Harley-Davidson Inc has laid off 40 employees at its general trading division in Milwaukee as part of a restructuring exercise, according to a business executive with knowledge of the case.

In an email response to Reuters, the motorcycle manufacturer confirmed the layoffs, but did not share the details. Harley said it was reorganizing its division to manage its business with "focus and discipline."

The commodities division accounted for about 5% of the company's revenue last year. However, sales have fallen since 2015. In the first half of this year, the unit reported a 4.2% annual revenue decline.

Harley is battling weak demand in the United States, which accounts for more than half of sales. Declining sales have forced the company to revise its motorcycle shipping forecast for the year.

The company manager said that the layoffs will not affect any workers in the production division.

Reporting by Rajesh Kumar Singh; Editing by Kim COghill

Our Standards: Thomson Reuters Trust Principles.

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